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What is Wall Street's Target Price for Greenland Technologies Holding Corp (GTEC) Stock Monday?

Monday, May 16, 2022 10:16 AM | InvestorsObserver Analysts
What is Wall Street's Target Price for Greenland Technologies Holding Corp (GTEC) Stock Monday?

Wall Street is positive on Greenland Technologies Holding Corp (GTEC). On average, analysts give GTEC a Strong Buy rating. The average price target is $14, which means analysts expect the stock to gain by 319.16% over the next twelve months. That average ranking earns GTEC an Analyst Rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating GTEC a Strong Buy today. Find out what this means to you and get the rest of the rankings on GTEC!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Greenland Technologies Holding Corp Stock Today?

Greenland Technologies Holding Corp (GTEC) stock has risen 20.92% while the S&P 500 is lower by -0.72% as of 10:15 AM on Monday, May 16. GTEC has gained $0.58 from the previous closing price of $2.76 on volume of 179,690 shares. Over the past year the S&P 500 is down -4.04% while GTEC is lower by -55.17%. GTEC earned $0.58 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.76. Click Here to get the full Stock Report for Greenland Technologies Holding Corp stock.

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